What Kind of Brown Mackie College - Albuquerque Financial Aid Will You Get?

The majority of college students won't be billed the advertised price of a school. Rather, they'll be given a financial aid deal that includes a combination of scholarships, grants, loans, and work-study.

Keep reading to learn just how much financial assistance will be open to you.

What You Should Know On Brown Mackie College - Albuquerque Financial Aid

The amount of financial assistance, scholarships, and grants varies depending on your situation. With all the data listed below, you will better understand how much financial aid you'll get from Brown Mackie College - Albuquerque determined by family income and worth.

Typical Brown Mackie College - Albuquerque FinAid Plan

$13,168 is the standard Brown Mackie College - Albuquerque's freshman financial aid offer. About 90.0% of incoming students receive some kind of financial assistance, the majority of which is in the form of loans.

College Reductions

Financial aid helps reduce the expense, or the full retail price of the college. However, be aware that the only true discounts off the cost of college are in the form of grants and scholarships.

How Much Brown Mackie College - Albuquerque Aid Is Available That Won't Put Me in Debt?

The stats plus the graph below reference primarily federal grants, plus some local and state grants. 83.0% of first year students at Brown Mackie College - Albuquerque (142 total) obtained a federal grant, averaging $5,460. In addition to grants, 12.0% of first year students (21 total) were given scholarships by the college, averaging $601 per student.

How are scholarships and grants dispersed to first years at Brown Mackie College - Albuquerque? View the graph listed below.

Grants vs. Scholarships

Grants are usually need-based while scholarships are merit-based.

How Financial Need Affects Financial Aid

The following table displays scholarship and grant distributions by income for freshman students getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.

Income Level

Percent of Freshman

Average Assistance

Income 0-30k

75.0%

$5,609

Income 30k-48k

8.7%

$4,253

Income 48k-75k

5.2%

$6,731

Income 75k-110k

1.2%

$0

Income 110k +

1.2%

$0

Title IV Aid

Title IV aid includes grants, loans, or work-study awarded from the government commonly according to need. Learn more here.

$4,712 is the Average Sum an Undergraduate Gets in Scholarships or Grants

89.0% of the 767 undergraduate students at Brown Mackie College - Albuquerque obtain some sort of grant aid. This is a total of approximately 680 students obtaining an average of $4,712 each. The majority in the form of Pell Grants.